Lee’s Free Thinking

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Gold is OVERBOUGHT!

Gold Long Term Chart

Interesting that you say gold is overbought. It’s just now reaching intermediate price projections after it recently broke out of a multi-year high, with a conventional measured move objective that’s significantly higher. Short term projection was 2125.  I wouldn’t sell it at least until it breaks a trendline.

This really is just the mirror image of the ongoing collapse in the dollar. Here’s where it’s headed.

There’s No Mystery 8/5/20

Nobody knows what the Fed will do over 5 months.  The Fed itself doesn’t know. Nor does the Treasury know how much it will need to borrow that far in advance. The TBAC is pretty good for the current quarter after they’ve had a look at the first 6 weeks, but their estimates for the next quarter are usually way off. Like most econ forecasters they suck at it. But there’s no mystery what the Fed will do…

The Things We Write for Love

Well the news is out. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money. Lee Adler’s Liquidity Trader…